Candle Market Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions 2029

The global candles market is projected to rise at a considerable pace driven by the massive investments in scented candles across the world. The increasing adoption of candles for interior decorations will bode well for the growth of the market. According to a report by Fortune Business Insights, titled “Candle Market Size, Share & Industry Analysis, By Product (Tea Lights, Votive, Pillars, Birthday Candles, Others), By Raw Material (Beeswax, Stearin, Paraffin Wax, Rapeseed Wax and Others), By Distribution channel (Retail Stores, Shopping Malls, Online Retail) and Regional Forecast, 2022-2029,” the market will benefit from the presence of several large scale companies in numerous countries across the world.

The recent coronavirus outbreak has brought major businesses to a standstill. The rapid spread of the disease has urged governments to take strict measures. Due to travel bans, candle manufacturers are likely to take a huge hit in the coming years. The report includes the impact on Covid-19 pandemic on the global candles market and discusses how major companies are coping with this.

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Fortune Business Insights™ lists out all the candles market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

  • Better Homes and Garden
  • Colonial Candle
  • Bridgewater Candles
  • NEST
  • Slatkin and Co.
  • Thymes, Village Candles
  • Circle E Candles
  • Diptyque
  • Jo Malone
  • Bath & Bodyworks

Candles are widely used across several industry verticals. They are used in domestic as well as a few industrial purposes. Variations in product offerings will have a huge impact on the growth of the overall market in the coming years. The increasing trends of scented candles for indoor purposes, coupled with the use of candles for decoration purposes will lead to a wider adoption of the product across the world. The constant demand for the product is consequential to the increasing use of the product in household, industrial, and a few other purposes. The changing lifestyle habits, coupled with the adoption of visually appealing habits will create several growth opportunities for the companies operating in the market. The increasing investments in the development of incense candles will have a huge impact on the growth of the candles market in the foreseeable future.

Increasing Investments in Innovation and R&D Activities will Aid Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number investment in product R&D, coupled with the rising efforts in product variations has made the highest impact on the growth of the market. In December 2019, Newell Brands Home Fragrance Division announced that it will be expanding to its research and development capabilities. The company will be starting a new state-of-the-art R&D lab that is spread across 20,300 sq feet. This R&D facility will expand the production capacity and enhance the developing capacity, prototype, and test new innovations. The company boasts an exceptional range of candles with numerous variations and this step will help the company establish a firm grasp in the global market.

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North America to Emerge Dominant; Evolving Markets in Countries such as India and China to Aid Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies will provide impetus to growth. The efforts put in by major companies to develop scented candles, driven by the rising demand for the product in the United States will contribute to the growth of the regional market. The market in Asia Pacific will also witness considerable growth in the coming years owing to the increasing use of scented candles and decorative candles in countries such as China and Japan.

The Global Candle Market Research/Analysis Report Contains Answers to your following Questions:

  • Which Manufacturing Technology is used for Candle? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Candle Market? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was Global Market Status of Candle Market? What Was Capacity, Production Value, Cost and PROFIT of Candle Market?
  • What Is Current Market Status of Candle Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Candle Market Trends by Taking Applications and Types in Consideration?
  • What Are Projections of Global Candle Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • What Is Candle Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Candle Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Candle Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Candle Industry?

 

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